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Corrugated Packaging Market Size

Report ID: GMI5246
Published Date: Nov 2024
Report Format: PDF

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Corrugated Packaging Market Size

The global corrugated packaging market was valued at USD 224.1 Billion in 2023 and is estimated to grow at a CAGR of over 4.3% from 2024 to 2032.

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The surge in e-commerce has significantly boosted the demand for corrugated packaging. Online retailers need durable, lightweight, and cost-effective solutions for safe product shipments. Corrugated boxes offer the necessary strength and flexibility for various product sizes. The U.S. Environmental Protection Agency (EPA) reports a recycling rate of over 96% for corrugated boxes. The rise of subscription services and cross-border shipments further emphasizes the need for efficient packaging, making corrugated packaging crucial for e-commerce growth. Technological advancements, such as digital printing, also drive the market by enabling high-quality, customized designs on corrugated boxes.

Corrugated Packaging Market Report Attributes
Report Attribute	Details
Base Year:	2023
Corrugated Packaging Market Size in 2023:	USD 224.1 Billion
Forecast Period:	2024 – 2032
Forecast Period 2024 – 2032 CAGR:	4.3%
2024 – 2032 Value Projection:	USD 341.8 Billion
Historical Data for:	2021 - 2023
No. of Pages:	390
Tables, Charts & Figures:	321
Segments covered:	Wall Type, Boxes Style, Flutes, Printing Technology, End User, Distribution Channel
Growth Drivers:	Rise of E-commerce across the globe Technological advancements Growth of food & beverages industry Need in global supply chain
Pitfalls & Challenges:	Sustainable issues Competition from alternative packaging such as flexible and plastics.

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Authors: Aviansh Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global market size for corrugated packaging was valued at USD 224.1 billion in 2023 and is projected to reach USD 341.8 billion by 2032, driven by a CAGR of over 4.3% from 2024 to 2032.

Flexography printing technology held around 42% of the total market share in 2023 and is anticipated to grow at a CAGR of 5.1% during the forecast period, driven by its ability to deliver high-quality prints on various substrates.

The U.S. market generated around USD 45.8 billion in 2023, driven by the booming e-commerce sector and the rise in home delivery services.

Major players in the industry include Cascades, CESCO, Danhil, DS Smith, Evergreen Packaging, Georgia-Pacific, International Paper, Lee & Man Paper Manufacturing, and Mondi Group.